Indian Tyre Manufacturers Lobby Against Liberalisation Through Ftas
Source: menafn.com
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Domestic tyre manufacturing sufficient to meet India's needs: ATMA
ATMA highlights India's potential to be self-reliant in automotive tyre manufacturing, reducing the need for imports.
Source: thehindubusinessline.com
India has sufficient domestic tyre capacity; imports must not be liberalised through free trade pacts: ATMA
ATMA in India opposes FTAs liberalizing tyre imports, with adequate manufacturing capacity. Calls to safeguard domestic industry from duty concessions. Rs 2,000 crore worth of tyres imported in FY24 despite domestic industry's capacity. Leading manufacturers invest Rs 35,000 crore in capacity expansion, technology upgrades, and R&D. Domestic tyre industry employs over 5 lakh people and supports 10 lakh rubber growers.
Source: indiatimes.com
ATMA urges government to prioritize domestic tyre manufacturing over imports, ET Auto
Tyre Manufacturing: ATMA stated that this response was provided to the government's request for feedback on sectors where India can achieve self-reliance. The aim is to ensure that future FTAs are developed while protecting the interests of the domestic industry.
Source: indiatimes.com
CEAT shares extend fall after Q4 results, Kotak Equities cuts target price citing margin pressure ahead
This strategic move of raising prices could potentially negatively impact CEAT's market share, analysts at Kotak said in recent note.
Source: moneycontrol.com